I suggest we change the name to HobbitsesCoin. Continued liaison with more Hobbit not handle a trademark nor cause problem with Tolkien or with industrial films.
I do not see any problem.
There are
APPLEcoins
DELTAcoins
WIKIcoins
to name only a few - very likely there are more trademarks registered than there are altcoins with that name - and we have got a lot of altcoins by now.
But AFAIK none of them has a registered trademark for that names as 'altcoins'.
applecoin is a sleeper.